

Patrick Collison has a Few Questions for Tyler (Live at Stripe)
5 snips Apr 12, 2017
AI Snips
Chapters
Transcript
Episode notes
Macroeconomics Progress
- Macroeconomics has improved in understanding specific areas like credit crunches and asset returns.
- However, it hasn't improved in predicting market crashes or recessions.
Economics: Retrodiction vs. Prediction
- Economics helps offset other people's flawed theories, offering valuable thinking tools.
- It excels at retrodiction, explaining past events in detail, but struggles with prediction.
Lessons from Renaissance Florence
- Renaissance Florence, despite its small size, achieved remarkable cultural feats.
- Studying such historical creative clusters reveals important, often overlooked inputs for modern innovation.